Chevron (NYSE:CVX) Trading Down 0.1%

Chevron Co. (NYSE:CVX)’s stock price dropped 0.1% during trading on Monday . The company traded as low as $153.32 and last traded at $154.18. Approximately 1,064,140 shares were traded during trading, a decline of 87% from the average daily volume of 7,950,743 shares. The stock had previously closed at $154.31.

Analyst Upgrades and Downgrades

CVX has been the topic of a number of recent analyst reports. Raymond James raised their price target on Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, April 15th. UBS Group raised their price target on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. HSBC raised their price target on Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Barclays assumed coverage on Chevron in a report on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price target on the stock. Finally, TD Cowen lifted their target price on Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $186.95.

Chevron Stock Up 1.4 %

The company has a 50-day simple moving average of $158.04 and a 200-day simple moving average of $155.03. The firm has a market cap of $285.90 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93.

Chevron (NYSE:CVX) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.09. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The business had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. During the same quarter in the previous year, the business earned $3.55 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts expect that Chevron Co. will post 13.18 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a dividend of $1.63 per share. The ex-dividend date was Thursday, May 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.20%. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

Insider Buying and Selling at Chevron

In related news, VP Jeff B. Gustavson sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the sale, the vice president now owns 477 shares in the company, valued at $76,429.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total value of $462,000.00. Following the completion of the sale, the vice president now owns 276 shares in the company, valued at $45,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeff B. Gustavson sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the sale, the vice president now owns 477 shares of the company’s stock, valued at approximately $76,429.71. The disclosure for this sale can be found here. Insiders sold 16,746 shares of company stock worth $2,727,971 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Chevron

A number of large investors have recently bought and sold shares of the business. Csenge Advisory Group raised its stake in Chevron by 1.4% in the second quarter. Csenge Advisory Group now owns 29,264 shares of the oil and gas company’s stock worth $4,577,000 after buying an additional 412 shares in the last quarter. Fortitude Family Office LLC raised its stake in Chevron by 260.8% in the second quarter. Fortitude Family Office LLC now owns 1,981 shares of the oil and gas company’s stock worth $310,000 after buying an additional 1,432 shares in the last quarter. Indiana Trust & Investment Management CO raised its stake in Chevron by 1.6% in the second quarter. Indiana Trust & Investment Management CO now owns 7,403 shares of the oil and gas company’s stock worth $1,158,000 after buying an additional 120 shares in the last quarter. Advocate Group LLC raised its stake in Chevron by 1.4% in the second quarter. Advocate Group LLC now owns 59,404 shares of the oil and gas company’s stock worth $9,292,000 after buying an additional 820 shares in the last quarter. Finally, Founders Capital Management increased its position in shares of Chevron by 1.3% during the second quarter. Founders Capital Management now owns 36,825 shares of the oil and gas company’s stock worth $5,760,000 after purchasing an additional 484 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.